just when you thought it was safe to go back in the water, er, real estate

[walkitout]

http://calculatedrisk.blogspot.com/2008/07/fraud-in-2008-mortgage-vintage.html

Short form: dude, not _my_ problem. Uh, actually _it is_.

Words fail me; fortunately, they don't fail Tanta.

ETA: I'm think the wholesale mortgage business -- which most banks have gotten out of -- needs to be shut down entirely.

ETA: From the comments thread, as further evidence that Wells Fargo is Not the Lending Paragon some might have you believe:

http://www.mygarrisonhomes.com/

Buy a house; they'll throw in a car for free.

Comments

[ethelmay.livejournal.com]

I saw one of those house + car things the other day: it was a Prius in that case, I think. I've also seen condo + scooter deals.

I think they may eventually lead to shopping cart + tinfoil hat.